Word games remain a popular genre on social and mobile platforms. Brazilian Cupcake Entertainment, specializing in similar projects, received investments of $ 1 million.
Cupcake herself announced this in her blog on February 7. The purpose of the deal is to get money to buy users for three released projects: Letters of Gold, Words of Gold and Numbers of Gold.
Apparently, Brazilians are planning to increase the rate of income growth. But even now the pace is impressive. Since September 2016 alone, Cupcake’s income has tripled due to reinvestment.
“The goal of Cupcake Entertainment is to become the number one in the word games and puzzles market in the world and the largest gaming company in Brazil. The deal will help us achieve our goal faster,” said João Vítor de Souza, CEO of the company.
The Thai company acted as an investor Playlab, known for three-in-a-row Juice Cubes. In October 2015, she received the investment herself. Monk’s Hill Ventures Foundation has invested $5 million in a developer and publisher from Bangkok.
A source: Cupcake Entertainment